Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten bar prices remain weak adjustment in early November, 2021 due in part to less pressure of energy cost. As the demand does not improve, most participants hold cautious sentiment.

Electric vehicles (EVs) mark the way to a greener future, but problems remain in the sourcing of some of these components or materials, such as rare earths. As the market for electric vehicles expands rapidly, so does the demand for components such as electric motors.

Molybdenum demand is on rising. As commodity prices have soared in global markets over the past 12 months, with lithium, gold, and iron ore taking center stage, one material has been quietly and steadily increasing in value: molybdenum.

The Chinese government is to restructure three rare earths producers to create a state-owned company with a nearly 70 percent share of the domestic production quota for the metal, which is vital for making high-tech products. The move is aimed at accelerating the development of resource and processing technologies and strengthening Beijing's control over the mining industry in response to long-standing trade tensions with Washington.